The Nordic Web Angel Fund Launches

Neil Murray, the founder of The Nordic Web, a platform providing coverage related to innovation in the Nordic region, announced the launch of The Nordic Web Angel Fund.

Backers include:
– Aki Soudunsaari, John Nicols, Niko Jarvinen, Aslak De Silva
– Amalie Kristoffersen
– Andreas Cleve
– Anne Worsoe
– Barend Van den Brande, Firat IIleri, Cameron McLain
– Benjamin Page
– Bo Wase
– Christian Jantzen
– Christian Meermann
– Christoph Janz
– Christoffer H. Malling
– Daniel Kipowski
– Daniel Mierzwinski
– Ekaterina Gianelli
– Erik Ålgård, Magnus Jepson, Halvor Ogreid, Christian Rokseth
– Florian Heinemann, Anton Waitz
– Georg Ludviksson
– Helder Almeida
– Helga Valfells, Hekla Arnardottir, Jenny Ruth Hrafnsdottir
– Johan Brand
– Kenneth Dreyer
– Kjartan Slette and Thomas Walle
– Kristinn Árni Lár Hróbjartsson
– Lasse Chor
– Linda Liukas
– Lukas Graf
– Philipp Moehring and Andy Chung
– Martin Ferro-Thomsen
– Martin Hauge
– Martin Mignot
– Michael Hoy
– Miia and Aapo Bovellan
– Mikkel Marius Winther
– Nicolas Michaelsen
– Pierre-Eric Leibovici, Willy Braun, Melinda Elmborg
– Ritu Jain and Sune Theodorsen
– Rudi Skogman
– Stefan Lindeberg
– Steffen Fagerström Christensen
– Tharald Nustad, Anders Lier and Lise Rechsteiner
– Thomas Madsen-Mygdal
– Thomas Nymark Horsted
– Ville Vesterinen

The Nordic Web Ventures will invest between $25-75,000 into 10-15 Nordic startups over the next 12 months. The average cheque size will be $50,000.

After the investment, the fund will help companies define their most important goal for the next three months. An informal advisory board will be set up from its LP support network around the goal to meet (online or offline) with the startup for a minimum of one hour each month. The advisory boards will be refocused and refreshed every three months, maximizing the company exposure to the network throughout the first year following the investment.
In addition, the portfolio has monthly meetings with Murray and informal advisory board (for the first year), full access to the The Nordic Web’s support network through ad hoc online communication and ongoing assistance with hiring, fundraising and problem solving.

Philipp Moehring and Andy Chung helped Murray raise the fund and provide legal and back-end support for the ongoing operations.



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